Muslim-focused decentralized finance platform Marhaba has designed the “world’s first” certification for non-fungible tokens while staying compliant with Shariah law. NFT’s minted are sent to a Shariah governance board which reviews the artwork to determine if it is in accordance with “Halal,” an Arabic concept defining what is permitted under Islamic law.
“The trustless nature of NFT-based halal compliance certifications fills a pressing need in the halal economy sector. Where certificate forgeries are common or difficult to validate, especially in the halal food industry.”
– MRHB founder and CEO Naquib Mohammed
The process involves NFTs projects being submitted to a Sharia administrative board. The panel then reviews the artwork’s compliance with Shariah Law. NFTs that pass the board’s overview become “Halal-certified” In…